What the Bank's Board Must Know about the Bank Secrecy Act

Thursday, Apr 27, 2017 at 10:00AM - 1:00PM

Event Details

Compliance issues and reputational success demands Board of Directors to understand the financial institution's obligations under the Bank Secrecy Act (BSA). Regulatory expectations are that senior management demonstrates cultural leadership in the organization's BSA/Anti-Money Laundering efforts. But what does this mean, and how do we implement this in a manner appreciated and understood by our employees, customers and the regulatory community? This one hour training program focuses on the Board of Directors' role and duties under the BSA/AML guidance, as was recently amended.

Objectives Of The Presentation
  • FFIEC's BSA Exam directives of concern to Directors
  • Putting FinCEN's regulatory expectations into practice
  • Doing and showing what is expected of the Board in the Minutes
  • High level overview of the most recent changes in the "Beneficial ownership" Customer/Member Due Diligence, and "high-risk" customer expectations
  • How to get the USA Patriot Act's CIP requirements right
  • Leading the organization's BSA efforts towards building a better brand
Why Should you Attend
Financial institutions' functional regulators require that Senior Management and the Board understand and support their organization's BSA/AML compliance efforts. Training tailored to Boards and executives is necessary and is valuable for the institution's brand. Getting compliance wrong can damage a business' good standing and can cost Hundreds of Thousands of dollars in regulatory fines and remedial expenses.

Areas Covered
  • Overview of the key laws and regulations in this area
  • What the most recent amendments are and what they mean for your institution's compliance obligations
  • How to build, and prove you have built, a "culture of compliance," as so often mentioned by examiners
  • The right way to empower your compliance staff
  • War Stories of actual compliance enforcement actions and their real-world consequences
Who will Benefit
This informative session is designed for financial institutions, including bank and credit union's:
  • Board of Directors
  • Director's Committees
  • Executive & Senior Management
  • BSA Compliance Officer
  • Fraud Investigators & BSA Compliance Staff personnel.

For Registration


Note: Use Promo code DE5YU and get 10% off on registration (Valid till APRIL 30th 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont 94536

Starts April 27, 2017 at 10:00AM - 1:00PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896